London Gold Market Report |
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Gold "the Safest Vehicle" as Bank Run Hits Asia, UK Clergy Turn to Marxism, Cost of Insuring Wall Street Debt Jumps THE PRICE OF PHYSICAL GOLD BULLION bounced from its third drop to $880 in three days early Thursday, recording a London Fix of $889 per ounce as Asian stock markets closed lower for the 11th time in 17 sessions. Crude oil slid 2% to $103 per barrel, while US Treasury bonds rose, pushing the annualized yield offered by 3-month notes down to 0.45%. " Gold is the safest vehicle,"
Filed under: Fundamental
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